How to bid on Liquidation.com

Standard Auction (also called Regular)

The Standard auction is a normal, increasing-price format for a single lot of merchandise. There is only one winner in a Standard auction -- the highest bidder at the close of the auction.

Fixed Price Auction

In a fixed price auction, the seller specifies a price for the lot, and the first buyer to click 'Buy Now' and complete the buying process is the winner. No one may outbid the buyer for that specific lot.

Sealed Bid Sale

During a sealed bid sale, each bidder submits an irrevocable bid without knowledge of the bids submitted by other bidders. When the auction closes, all bids are opened simultaneously, and only the highest bid is accepted, as long as it meets the conditions of sale established by the seller. The winning bidder will be notified immediately thereafter.

Mixed Format Auction

These auctions are essentially a sealed bid sale, however, they give the buyer a “Buy Now” option. This way, the buyer doesn’t have to wait until the auction closes to learn if they’ve won.

Proxy Bidding

Proxy bidding is an automated ‘agent’, authorized to bid on your behalf. By bidding the smallest amount necessary to outbid other bidders while maintaining your position as the highest bidder – up to the maximum bid you have allocated. By allowing proxy bidding you can save time and ensure you win the items you want without constantly monitoring or worry!

Payment by the winning bidder must be received within 2 business days after the close of the auction. If payment is not made within 2 business days, the transaction may be canceled with a fee of 15% of the auction lot price or $200, whichever is greater, and your account may be suspended.

The payment for the auction consists of the final winning bid, the Buyer's Premium, all shipping charges, and all applicable taxes. Unless otherwise stated in the auction, our standard Buyer's Premium is 5% of the final bid price. Shipping charges do not have any direct correlation with the purchase price. If you are unaware of these costs, please request a shipping quote.

Sales tax will be charged on any transaction where either the goods are shipped to a location in Arizona, California, Indiana, Minnesota, Nevada, New Jersey, Texas, or Washington D.C., or the goods being purchased are originating from one of the aforementioned states and the buyer chooses to arrange their own shipping.

Payments received by the buyer will be processed using a secure server. When arranging your own shipping, you or your agents are responsible for the unit count of the Assets and verification of Assets purchased prior to removal from our facility. If the Assets are not acceptable for any reason, immediately inform a Liquidity Services employee prior to removal because claims cannot be made after removal in these circumstances. Alternatively, when you pay Liquidity Services to arrange shipping, you may make a claim for any incorrect or inaccurate Listing description of the Assets within two (2) Business Days after delivery of the Assets. Thereafter, a buyer's right to make a claim expires.

For international shipments, all duties and taxes are the sole responsibility of the buyer, and the buyer must furnish broker information at the time of payment. If the buyer does not have a broker, we will facilitate the clearance of the merchandise for a fee.

By bidding on this auction, you acknowledge that you have read and understand the condition of this merchandise provided in the Asset Information Section of this listing.

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About Liquidity Services

Liquidity Services (NASDAQ: LQDT) employs innovative e-commerce marketplace solutions to manage, value, and sell inventory and equipment for business and government clients. We operate a network of leading e-commerce marketplaces that enable buyers and sellers to transact in an efficient, automated environment offering over 500 product categories. Our superior service, unmatched scale, and ability to deliver results enable us to forge trusted, long-term relationships with over 11,000 clients worldwide. With over $7 billion in completed transactions, and 3 million buyers in almost 200 countries and territories, we are the proven leader in delivering smart commerce solutions. Visit us at LiquidityServices.com.